Kiwoom Securities issues KRW 50bn principal-protected ELB linked to Samsung Electronics, 3.20% p.a.

Kiwoom Securities (credit rating AA-, from three agencies) issues KRW 50bn principal-protected ELB (Series 651, Grade 5 low risk) at KRW 10,000 per security (5 million securities).
Underlying asset: Samsung Electronics common stock. Maturity 1 year (2027-02-05). Return: if Samsung closing price at maturity ≥300% of initial, 3.201% p.a.; otherwise 3.20% p.a. (pre-tax).
Historical simulation (2006-2026) shows 0.021% probability of hitting 300% threshold; 99.979% probability of 3.20% return.
Early redemption available (from next business day after issuance to 2 business days before maturity) with 1.00% p.a. penalty (except special circumstances).
Subscription limited to retirement pension accounts, on 2026-02-06 (13:00~16:00), minimum KRW 10,000.
Issuance may be cancelled if total subscription < KRW 500 million.
Proceeds used for hedging and financial investment.
Principal protected at maturity, but subject to issuer credit risk (AA-), not covered by depositor protection.

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